Dwi Wulandari
The behavior of overspending and compulsive buying has been a great issues recently in developing countries. While this problem has been known years a go in many developed countries, it is not much talked about in developing countries. In Indonesia lately, we heard many cases related to overspending behavior, we believe that we need to find causes, effects and solutions of this problem. We surveyed students of economic faculty and found ten students that have an overspending behavior. After interviewing and observing them we find that the cause of this behavior are mainly pshychological causes such as loneliness, low self esteem and stress, peer pressure and social media influence. The effects of this behavior mostly is debt problem and conflict with family members. We try to give solutions taken from many experts such as admitting this behavior, solving the real problem and adding our academic insight by increasing economic and financial literacy for the students since they are from Faculty of Economics. © Serials Publications.
Faculty of Economics, Universitas Negeri Malang, Indonesia
